Software: QuickBooks accounting software To schedule a backup, you may select “Only schedule future backups” radio button from the “When do you want to save your backup copy?” page of the backup wizard. Automatic Backup Check the checkbox for “Save backup copy automatically when I close my company file every [ 3 ] times” and […]

Software: QuickBooks accounting software QuickBooks Desktop software is using the average costing method for stock. How it works? Assuming you have 10 units of item A at $10 each. Then, you purchased 10 more units of item A at $8 each. Now, the cost per unit is at $9. 10 units at $10 = $100 […]

Software: Reckon QuickBooks 2012/13 There is a little issue in Reckon QuickBooks 2012/13 Tax Report. It affects a handful of user who converts Sales Order in foreign currency with GST into an Invoice at a different exchange rate. Assuming your home currency is in SGD (Singapore Dollar) and you created a Sales Order in foreign […]

Software: Intuit QuickBooks 2013 One of the changes in Intuit QuickBooks 2013 is the Discount & Credit feature in the Customer Payment window. In the previous version, there is a Discount & Credit button at the bottom of the Customer Payment window, now it has changed to a radio button “WRITE OFF THE EXTRA AMOUNT”. […]

Software: MoneyWorks accounting software Assuming you run a hardware shop selling screw, bolt and nut. As a retailer, you will usually buy goods in a box or carton form and repack it into a smaller unit such as bag or packet form. How to record this in MoneyWorks? How does the Unit Conversion works in […]

Software: MoneyWorks accounting software Assuming your financial year is from January to December; and you wanted to start recording your account into MoneyWorks from year 2012. In the setting up new company wizard, Period setting, Set “Financial Year” to “Jan-Dec” and select “2012” in the “Start in” field. In the Period management window, you will […]